Who do I make the check payable to when I want to deposit funds into my account and where should I send the check?
Checks can either be made payable to the account registration, Raymond James or Raymond James & Associates. These two options are the preferred methods of payment. This branch does not accept third-party checks. Please call the branch at 973-543-6676 or e-mail mary.fischer@raymondjames.com for further details.
Please mail your check(s) to:
Allan S. Lynn
Mendham Capital Management LLC
27 East Main Street, 2nd Floor
Mendham, NJ 07945
Can I have a cashier's check issued from my account?
Yes. The account owners would need to sign a letter of authorization and indicate to whom the check should be made payable. There is a 10a.m. EST cut-off time if a cashier's check needs to go out the same day. Please contact the branch at 973-543-6676 or e-mail mary.fischer@raymondjames.com for further details.
What are the established cut-off times for wires, checks and ACH transactions?
The established cut-off times for wires, checks and ACH transactions are as follows:
10:00 AM EST - Cashier's check
12:00 PM EST - Wires and checks for overnight delivery
12:00 PM EST - Checks send via U.S. mail
Please note it is always best to contact the branch for verification as cut-off times are subject to modification.
Can I electronically transfer funds from my Raymond James account into my bank account?
Yes. Two methods are available to deliver funds from your Raymond James account, either via a wire transfer or ACH transaction. Generally, a wire transfer is completed the same day if received by 1:30 p.m. EST.* An ACH transaction is completed the following business day if received by 2:00 p.m. EST.** Credit to the receiving account will depend on how the receiving bank processes wires or ACH items.
Please call or e-mail the branch for incoming wire requests and we will give you the appropriate wire instructions.
* A FIRST-time wire transfer to your bank account will require a one-time signed letter of authorization to confirm your banking information. Once your letter of authorization is on file, no paperwork is required for future wire requests. If you want to wire funds to an account other than your own, you will need to sign letter of authorization, and provide the receiving bank's wire instructions. Please call the branch 973-543-6676 or email mary.fischer@raymondjames.com. for details.
**ACH stands for Automated Clearing House, this complimentary service allows our clients to transfer funds electronically to and from your brokerage account to another financial institution. An ACH profile, form 1426, will need to be established for your account before funds can be moved either in or out via ACH. Please see the Frequently Requested Forms link on this website for details. Please call the branch 973-543-6676 or e-mail mary.fischer@raymondjames.com for details.
How do I transfer funds between or among my Raymond James accounts; will I need to sign anything?
Generally, you can transfer funds or assets to "like" registrations, i.e. John Doe to John Doe, with a written or verbal directive, providing there is no change in ownership. Please note that the requirements for disbursing funds or securities from an account can depend on many factors. It is always best to contact the branch for further details. Please remember all required documentation must be received and approved in an account before any disbursement(s) can take place. If you wish to transfer ownership to an account, that is not your own, your signature(s) will be required. You may be able to use one of the most commonly requested forms, which can be found on this website. Please see Frequently Requested Forms for details. Please call 973-543-6676 or e-mail mary.fischer@raymondjames.com for verification of appropriate documentation or assistance in completing this form.
When are statements available?
Statement cut-off is the last day of the month. Paper statements are mailed out no later then 10 days after cut-off. Online statements are available no later than the 10th of the following month. Please contact the branch if you have an immediate inquiry or didn't receive your monthly statement. We will be happy to assist you with any questions or comments. Call Mary at 973-543-6676 or e-mail. mary.fischer@raymondjames.com
Why are the prices of bonds different on my statement then from what I paid?
With today's market volatility, considerable differences may exist between where bonds are trading and values reflected on statements. In order to provide you an independent source of valuation, Raymond James uses an outside pricing service for bond positions.
In general, the pricing service uses a compilation of factors to price bonds. Under less volatile market conditions, the pricing service process results in a more accurate indication of a bond's bid price. Some of the factors used are actual trades, historical comparisons and, in cases where bonds do not trade frequently, pricing models.
Today, there are additional factors that may make the evaluations more difficult and, consequently, the valuation pricing may be a less reliable indication of where certain bonds would trade.
While much less volatile, determining property values in the residential real estate market is analogous to determining bond valuations. Property valuation factors include (1) what a seller would like to receive and (2) what a buyer is willing to pay. Homeowners not planning to sell in the near future may be concerned, but probably not impacted near term, by the sales price of a nearby house. Determining a home's value is approximate until a contract to sell has been finalized between a seller and buyer.
Bond valuations work similarly. Bond prices are determined by what someone is willing to pay (the "bid") and what the bond owner would like to receive (the "offer" or "ask"). The difference between the two is referred to as "the spread". With recent significant increases in price volatility, the spread between "bids" and "asks" has increased to historically wide levels, making bond valuations less precise.
Bond prices reflected on statements are best-effort estimates, useful for evaluating a portfolio and allocation mix but should not be interpreted as potential sales prices or actual "bids." In cases where there is a need to sell a position, we highly recommend contacting your financial advisor to determine an actual bid.
Investors should carefully review their monthly statements and monitor changes in bond prices. However, investment decisions should not be based solely on statement pricing since prices are for evaluation purposes only, and may not be indicative of current market prices. Third-party resources such as www.investinginbonds.com, as one example, may also provide comparative prices for evaluation purposes. Prices can be affected by current market conditions, by the number of bonds and by the formula provided by the third-party independent pricing service Raymond James utilizes for monthly statements.
How do I get online access to my accounts and monthly statements?
You may register for Investor Access by calling our branch at 973-543-6676 and we will set you up over the phone. You can also register on the Raymond James website at www.raymondjames.com.
Note: You can also request to have your physical statement surpressed. Please call the branch 973-543-6676 or e-mail mary.fischer@raymondjames.com for details.
Also note clients who do not suppress the receipt of paper copies can still view their statement, trade confirmations, and any associated inserts online.
Can I have my monthly account statements sent in one envelope?
Yes. If you have multiple accounts with us and would like only one envelope sent to your home address, contact the branch to request this service. Please call the branch at 973-543-6676 or e-mail Mary Fischer mary.fischer@raymondjames.com for details.
Frequently Requested Forms
For convenience sake, a number of commonly requested forms are available online for our clients' use. Since it is important for a client to discuss account changes to ensure long-term financial goals and objectives are being met, completed forms must be returned to our branch for review and processing. You can find these forms in Investor Access.
Adobe Acrobat Reader is needed to view these forms. If you have questions or require assistance in completing a form, please contact mary.fischer@raymondjames.com or call 973-543-6676.
